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for tax reform, grover norquist. he is the person who got some members of congress to sign a pledge to not sign taxes. a number of republicans said they are willing to vote for a tax increase. this is just under an hour. >> thank you for coming out. two weeks in a row, thank you very much for coming out and we will have another one next wednesday and we appreciate you being here. grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to
with small business owners across the country to force the president to back down on raising taxes on the wealthy. former florida governor jeb bush is gathering policy experts and dedication leader's fourth annual education summit. we covered yesterday's events pick. that's where we begin. mr. bush says the unions are barriers to better schools. how would you fix your school system? we want to get your take on it. also, send us a tweet, post your comments on facebook, or send us an e-mail. we begin with the "washington times headline" -- we want to show you what the former florida governor had to say at yesterday's event. [video clip] >> we need to have a teacher evaluation system that is based on teachers being professionals and not part of some collective trade union bargaining process. we have a system to reward teachers based on an industrial and unionized model that is completely inappropriate for the 21st century, completely inappropriate. there are incredibly fine teachers that get paid less even though they are doing the lord's work consistently over time and there are tea
>> what i can confirm is that 45 p. the top rate of tax will be higher under this government than any of the 13 years of the last government. that is the fact. that's the richest in the country will be paying more in terms of income tax in every of this government than in any year of that government. .. was investing eight hundred million pounds, an excellent eight hundred million pounds to combat tax avoidance. there was no such investment taking place with 15% cut in the budget. is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is
of americans for tax reform, talked about the so- called fiscal cliff and the upcoming tax bills in congress. he will also talk about the 2012 election and recent meetings at the white house between congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened t
with eric schoenberg, a patriotic millionaires, he's rich and he wants people to pay more tax. >> and did you inherit wealth. >> first of all, yes, i inherited wealth. >> you inherited. but also made money on my own. stuart: wait a minute, you inherited wealth. >> i did. stuart: what about the rest of us strivers, charles payne. all of us. >> all three of us. stuart: it was good. we'll have more of that interview coming up in our next hour when andrea tantaros and don peebles. you can see the whole thing on your facebook page. and grover norquist, says the republican will not cave on the fiscal cliff and that the g.o.p. will not agree to higher tax rate. i disagree with that. grover coming up after the break. so, too, is the opening bell. next, is this what republicans are up against? >> we cannot afford to extend the bush tax cuts for the wealthy. what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% init's tiny.aring device. but lyric's
back to work but the clock is ticking. unless lawmakers make a deal, automatic spending cuts and tax increases are just a matter of only a few weeks away for everyone. i'll ask a top member of the republican leadership if there's any room for serious compromise. >>> and if you own a home, deductions that save you money every year could be changing or simply going away. we're taking a closer look. >>> and ballpoint pens that hide poison needles and poison bullets. they sound like props in a cold war era spy movie. but they're part of a real assassination plot. we have details. i'm wolf blitzer. you're in "the situation room." >>> we're just 36 days away from the painful across-the-board spending cuts and tax increases people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected
tax rates for the wealthy in particular. that comes as top republicans in the senate draws a line in the sand saying political ideology cannot rule the negotiations. >> the only balanced approach is one that includes real and lasting reforms. so republicans have stepped out of our comfort zone, we've been clear about what we'll do and what we won't, and yet we remain at an impasse. leading us to why ask why? because a vocal minority on the hard left continues to argue from the leaders of their party from the president on down that democrats in washington should do absolutely nothing about short term, or long term spending problems. this is the thelmand louise crowd, the ones who dream about higher taxes and bigger government it will pay for, regardless of the impact on jobs or the economy, or america's standing in the world. these are the ones who have recklessly ignored the fact that we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests that maybe the taxpayers shouldn't keep subsidizing ever last program washington ever dreamed up. the
to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how much money consumers spent over the past four days. the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it
)s and other places. so supply-side tax reduction certainly counts. .. about the last time around. >> your tax pledges between the representative. if there is a net increase would you say that is in violation of the pledge and are you worried about the words that you are hearing from speaker boehner? is he talking about a net tax increase or are we hearing that rahm? >> he's in favor of revenues that come from growth and needs to see serious spending restraint. i am in favor of revenues to come from economic growth. one of the numbers that doesn't get tossed around is cbo. the cbo says if you grew at 4% a year -- congressional budget office -- they do static modeling. they do a whole bunch of things that i think understate the case for how important growth is or how you get growth, but if you grow 4% a year, reagan numbers instead of 2% a year, france, or obama's high point -- you do that for a decade, to present additional growth, 4% a year, not to present, the federal government lets $5 trillion more than it would have because more people are working. at this point, from the bottom of the re
likes to talk about the political drivers. the left likes to talk about how taxes have fallen, the culture has become more open to really high ceo compensation than it used to be, decline in the rights of unions, deregulation, and all those things are factors. but i think it is a real mistake to ignore the economic drivers as well. and there are very powerful underlying economic drivers. globalization, the technology revolution, and one reason it is pretty clear that those are key drivers is this is a global phenomenon and i do sometimes think the american discourse tends to be very american so i am quite interchange when i read about a paper that says rising income inequality in the united states is due to this one particular law passed in the 1980s. and how does that account for rising income inequality in canada? or even in france, in germany, in the united kingdom? it is happening all over the world and the emerging market. it is important to face that squarely because if you see it just as a political phenomenon you are going to lose sight of what i think is a big challen
is that we are having a continuing discussion about the budget of our country and about the taxes of our country, and indeed, about the unfair and often upside down nature of our tax code that allows people making hundreds of millions of dollars a year to pay a lower tax rate than a family that earns $100 a year -- $100,000 a year. and in the context of that discussion there is one thing i think we can do right now that would be important and helpful to the vast majority of americans, indeed to 98% of american families and 97% of american small businesses and that is to assure them that their taxes are not going to go up on january 1. assuming we can't get to a budget agreement before january 1, then automatically all of the bush tax cuts will end, and the senate has actually passed a law that will allow those tax cuts to be curtailed. to be protected. for families that earn $250,000 a year and less. that bill has passed the senate and it's now over at the house awaiting action by the house. the republican-controlled house is in a position any time the speaker chooses to call up that bil
young people with direct support financially for the enterprise, or with privilege and taxes. those are the two possibilities, but we should do it. the fight against unemployment, in my eyes, is the highest priority for the european union, or must be the highest priority for the european union. the international labor organization spoke about the lost generation in such countries. to lose a whole generation from a society is to destroy democracy. therefore, if there are not direct places for young people, we must intervene directly from the state level to support those enterprises to employ young people. i could tell a lot more, but i was asked to do it shorter. both sides have a lot of economic and political problems, but we are solving the problems. we must solve our economic and political problems and cooperate, and it is possible. perhaps one problem is the lack of cooperation between the united states and the european union. to solve the problems we have, one step is to cooperate more. gender equality, the european parliament is one of the strongest fighters in the world for ge
't act, if the president doesn't act, in unison, your taxes are going up come january 1st to help raise revenue to pay down the national debt. stay with me here for a moment because we'll show you exactly, you know, how much your taxes will be rising. but here's the thing. it doesn't have to happen, this predetermined jump in income taxes and the new parlor game on capitol hill is to pick the next republican, follow me here who is willing to break a no tax pledge made to a very powerful lobbyist, in order to cut a deal with the democrats to focus the pain of new taxes on the wealthy. see this picture? see these three guys. here is yet another republican speaking just this morning. >> i'm not obligated on the pledge. i made tennesseans aware i was just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> so republican senator bob corker is saying his oath of office trumps any no tax pledge made to washington lobbyist grover nor quist. republican saxby chambliss says he cares more about america and the fiscal mess we're in than h
get the latest on the efforts to resolve the impasse over tax hikes and spending cuts. >> brown: then, we get two views of a palestinian bid for limited statehood, ahead of a key vote tomorrow at the united nations. >> warner: wonder why your bills are going up? paul solman examines "the fine print" with author and journalist david cay johnston. >> i'm not against corporations. i am in favor of rules that make you earn your profits in the competitive market. you don't get them through a government rule that lets the company reach in your wallet and take money. the kinds of profits that we're >> brown: after the election, what's next for immigration reform? ray suarez asks texas senator kay bailey hutchison and illinois representative luis gutierrez. >> warner: and on the "daily download," we look at how the obama administration is re-using digital information gathered for the campaign to rally support now. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations
with events this week to 0 build public support. some call it posturing for his preferred combination of tax ineeses and spending cuts. a contrast from how the white house conducted itself during the 2011 debt ceiling standoff. ultimately this fight comes down to another number, 218. the number of house votes needed for a deal. and it's not clear that his efforts will persuade 100 to 120 house republicans who are needed at a minimum for boehner to get a deal done to get to the 218 overall. remember these republicans believe just as fervently as the white house does that they have their version of public opinion on their side. why can do we think this? when it comes to their own voter, both sides are right. the president won re-election fairly handily, but so did republican incumbents in the house. these are some stunning statistics that gerrymandering has created. 93% of the 205 house republicans who ran for re-election won. 88% of them won with 55% of the vote or more. the president received between 51% and 52% of the vote. once the votes are finally all counted. and even though everyone in
to talk about the political driver. how taxes have fallen comment the culture becomes more open to high ceo compensation. deregulation, but it is a real mistake to ignore the economic drivers. there are very powerful economic drivers that are obvious. globalization, a technology revolution. it is keira -- clear though-- those are key drivers because of the global phenomenon. american discourse tends to be american. would raise a income of inequality with one lot past and that eighties how does that rise in canada? france, germany, united kingdom? it is important to face that squarely. as a political phenomenon the challenge is the benign forces i am a google addict but they are drivers of social and political consequences. i like to look at it from a quote from peter orszag that the big drivers are economic forces particularly in the united states politics to mitigate these economic forces has exacerbated. so to create much more concentration will try to soften the blow. instead it is the excel arab. who are the super rich? what do they think about the rest of us? the way i will lead ch
are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public and private, and a very, very big cleanup bill. joining me in a little while will be some of our representatives from the state of new york. and they'll talk about that in detail. but before sandy ever hit the co
to live in the right neighbor. and also the tax system -- >> also the tax system is obviously important, and all important for not only the issue of equality, inequality, and opportunity, but also for efficiency and growth. so, for instance, if you have a tax system like ours, where speculators attack at a fraction of a rate of people who work for a living, and if you can keep your money in a bank account in the cayman islands rather than in the united states, you have incentive -- the ruleses not only give lower tax rates to those who can take -- avail themselves to these, but it distorts the economy. you wind up with more speculation, more instability, and the money isn't in the cayman islands because it grows better in the shine there. it's the lack of sunshine that is the reason that people keep their money there. >> just had a conversation with -- someone from the financial industry who was trying to make a defense about things like carried interest, which isn't even invested income but gets taxed as if it was at 15%. there's a lot of effort put in and with uncertain return, and yo
enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that no
tax hikes will hurt the middle class. obama will meet with the second group of ceos at 4:45 p.m. to get their input on how to solve the crisis. the group will include brian roberts, and yahoo!'s marisa meyer. for more, we're joined now by charles deebel. the president meeting today over the fiscal cliff. really the reason for the underperformance we've seen, not just in u.s. equities, but actually worldwide overnight. >> i think so, i think there's really a reevaluation with respect to europe going on as well, and having had a greek solution. and then they start to look at the rest of the eurozone, particularly spain. so you deal with one issue, but there are still plenty more stacked up behind. so that didn't help. but yeah, those comments clearly not constructive. it is the number one problem now having got to greece effectively out of the way, spain is on the back burner. the u.s. fiscal cliff is the worry at the moment. >> for all the time we've already spent talk about it, the reaction seems to reflect the fact that an assumption that they will reach a deal is priced in a
the no taxes pledge created by the president of americans for tax reform, grover norqui norquist, the two most terrifying words a republican can hear, other than buenos diaz. but now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- what's his name? don't help me. don't help me. rip flambe -- no, that's my personal trainer. >> all right. good morning. it's wednesday, november 28th. look at this live look at rockefeller plaza. it is just lit up. gorgeous. >> you know what happens tonight? >> oh, yes, the big tree lighting. >> big commerce -- >> exciting for all the children. >> all right. welcome to "morning joe." >> mike, do you think that's going to whip people into a buying frenzy -- >> it's comcastic. >> a five-year running joke. >> i guess he wasn't paying attention. >> yes. >> national affairs editor for "new york" magazine. john heilemann and andrea mitchell. >> a lot of people say, i'm in trouble. and they've got these little arm bands now, wwjd. what would joe do? so what do i say? you've seen those, wwjd. >> everywhere. >> i say make a mistake, just step
to the public on his strategy resolving the fiscal crisis. as the parties remain at odds whether to raise taxes on the wealthiest americans. >>> tragedy in mexico a young beauty queen caught in cross fire in shootout between mexican soldiers and drug traffickers,. the details there. it is all "happening now." jenna: it is a good day to start. we're working through a lot, we sure are. there is messy weather outside. jenna: there is that. glad to have you with us on a tuesday. i'm jenna lee. jon: i'm jon scott. a critical meeting on capitol hill. u.n. ambassador susan rice met with three top republicans about libya. jenna: john mccain, lindsey graham, and kelly ayotte criticized explanations rice given in the past and obviously today and on the attack in benghazi the meeting doesn't appear to help smooth away for rice's widely anticipated nomination as secretary of state. here is senator ayotte moments ago ago. >> when you have a position where your ambassador to the united nations you go well beyond unclassified talking points in your daily preparations and responsibilities for that job and that
online or at a bank of america near you. >> brian: eliminating certain tax deductions stop merrence from can falling off the fiscal cliff. president obama seems reluctant. >> it is difficult to see how you make up trillion just by closing loop holes and deductions. the math tends not to work. >> when it comes to taxes, republicans and democrats agree that the current federal tax code is broken and both sides recognize the importance of closing aggregious tax loop hole that is pick winners and losers. tax reform that eliminates tax wasteful preferences to generate revenue will bring efficienciy to the tax system. >> brian: who has the right approach. james freeman. james, i like deadlines and. >> it makes the mind. >> brian: find a cure. president wants to raise upward 35 to 39 percent and republicans say cap the deductions is better? >> clearly if you could simplify the tax code and get rid of deductions without raising rates on investment in particular that is the least economically detructive way to get more money. >> brian: if you cap at $50,000. and you make two million and you choos
to chartd if washington were to reduce our charitable tax deductions. u.s. charities say they don't want to find out. and just when you think your neighbor, you know him well now there is an effort in mexico to change the country's name coming up. if we want to ime our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus
are entitled to tax breaks. arms manufacturers entitled to bigger contracts. the poor and the middle class, they're entitled to underemployment, foreclosures, cuts in both social security and medicare. poor and middle-class americans know all about the fiscal cliff. they've been getting pushed off it for years. with an unfair tax system, unconscionable trade deals and the fed's monetary policies. nearly 50 million people are in poverty in america. 12 million unemployed. millions more underemployed. on january 2, millions stand to lose unemployment benefits. 14 million americans' mortgages are greater than the value of their homes. on the rise massive cuts to essential services. will the american austerity replace the american dream? we need to turn back from the fiscal cliff with wealth creation, education, job creation, infrastructure rebuilding, monetary reform, trade reform, protection of social security and medicare. we need a great economic revival, not another great depression. the speaker pro tempore: for what purpose does the gentleman from texas seek recognize next? mr. poe: i ask
to solve that issue it's good to raise taxes on everybody, even on small businesses. he's really not taking into account the economic impact of what's going on in the country right now. you have to have sympathy for these folks, but they should remember, they should heed the example of hostess and the automakers, you push too hard, there are economic consequences. job consequences and company-wide consequences. patti ann: briefly, the controversy over working on thanksgiving -- >> well, that's a joke. i mean, come on. listen, you take this job, my dad was a bartender. i washed dishes as a kid. we worked easter, okay? easter's a big italian-american holiday, by the way, but we did it because those were the conditions of the job. like i said, these are not coal miners, they're not risking their lives over at wal-mart. they work in retail, and guess what? black friday is a big retail day. patti ann: all right. gotta go. charles gasparino, thanks so much for joining us. >> you got it. gregg: and now a fox news alert. new violence erupting in egypt after president muhammad morsi grants himself n
washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the latest victims in the ongoing violence. now, fighting has ripped this country apart. activists say more than 40,000 people now have been killed since the first pretest 20 months ago against the regime of president bashir al assad. nick payton walsh shows us what happens when bombs fall in, of all places, a playground. >> these disturbing images show what happens after a children's playground is hit, according to activists by a cluster bomb. refugees with nowhere else to hide apparently hit by a single deadly device dropped by a jet. some cluster bombs released smaller explosives to cause m
as americans to be as certain as death and taxes and that is if there's something that's going to suck in a particular presidency, it's probably going to happen in the second term. that's been true for so long that this white house has to be keenly aware of the famous second-term curse. and in fact, the president says he's aware of it. >> i don't presume that because i won an election that everybody suddenly agrees with me on everything. i'm more than familiar with all the literature about presidential overreach in second terms. we are very cautious about that. on the other hand, i didn't get reelected just to bask in reelection. i got elected to do work. >> it is explicitly with the context of difficult second terms in mind that president obama right now is reviewing what his options are for what he wants to do now that he's reelected. also put more democrats in the senate and more democrats in the house to go alongside. there's no shortage of advice about what he should do in his second term that he was not able to do in his first. "the new york times" says he should close guantanamo
automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, t
after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, et cetera. and so when the banking system suddenly said we've got another imperative for us the next few year, we'll have to rebuild our balance sheets, the private sector is temply cut off and drifts. so the public sector has to step in. so what we're really discussing is the
to pay tax i think on your winnings in the u.s. but there is also only a one in 176 million chance of winning. but what would you do if you did scoop the top prize? e-mail us at worldwide@cnbc.com, @cnbcwex, or @rosswestgate. >>> and warning of an impact of the strong yen on growth, but the job of solving that doesn't lie on the bank of japan alone. more when we come back. >>> it's cyber monday and shoppers are expected to spend more than $1.5 billion. >> from the moment you check out at amazon.com, the prz begins. your item is picked, sorded, packed and shipped. this is what the holidays look like here at amazon. to give you perspective, this is just one of 40 fulfillment centers across the country packed with thousands of items in time for the holiday rush. and they'll need them. last cyber monday, they sold more than 200 items per second. one glance at the shelves and it seems work hes put stuff wherever they can find space. >> it helps associates where they don't have to worry about putting things. >> so wherever there is space, there will be product. gr and it doesn't matter c
on the present spending. >> in spite of record tax returns and cash from private companies, the treasury is still spending what it does not have. >> the finance minister is confident about germany's finances. he says they're cutting their that, he says, sends out a positive message to the rest of europe. >> i do not want to say we are a model people, but we're doing the utmost to live up to our responsibility. we have been very successful. >> the german draft project next year could spend 370 billion euro. the biggest chunk, one under 19 billion euro, would go to financing will bear and social security. the german government is putting aside 37 billion euro to cut the national debt. defense will be the third largest recipient. the german opposition and parties are not impressed. they said they should have prevented a budget that did not put them further into the red. >> you have failed in your task. instead of giving lectures in europe, and should have done your job in germany and brought the debt down to zero. you failed. >> the opposition's is taking on fresh a debt is risky with the eurozone i
independence. taxpayers who reject the church no longer have to support it through taxes. it is the case right now. >> praying in the czech republic does not seem like it will help much. there is too much resentment toward the father and his colleagues. the congregations along the monasteries feel they have been forgotten. the prospect of payments in the billions makes a lot of people angry. no one seems to care that the deadlock means nothing has changed for two decades in places like this one. >> the wide variety of cultural habits and rituals in the different countries is something you tend to be proud of when you live in europe, but what one country might see as a vital part of its national identity can even constitute a criminal offense in another. france is proud of its foie gras, but the way the geese are forced fed to make it has made other countries ban the practice. >> this region in southwestern france is known for a very special delicacy, foie gras. a family in the town has been producing it with geese for decades. they allow the geese out free range for three months, and the birds
thing. they lose part of the tax exemption but they will make money and cell companies love them. >> because it's up in the air. you have nice location on it. and it's getting good connectivity and people don't see it. >> reporter: steeples are the latest place towers are hidden in plain sight disguised as trees, they're in trees even on fast food signs. usually there's controversy no matter where they go. >> churches as independent nonprofits unduly influenced by these contracts. >> reporter: mindy of the utility watchdog group turn worries it could help the companies in lobbying efforts. utilities say no, they just what tonight provide better service from up above the tree line. mike sugerman, cbs 5. >> i talk to god a lot when my cell phone calls drop but probably not in the way mike was talking about. [ laughter ] >> it's going to be a deluge. >> the heavens will open up over the next couple of days. we'll be seeing a lot of rainfall around here perhaps too much in many locations. north bay upwards half a foot to a foot of rainfall by sunday. a lot of rain in a short amount o
by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to keep the country from going over the so-called fiscal cliff.
season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to seek permission for this. now, stow who continues to receive around-the-clock rehabilitation treatment,
can get it, we have to pay for it after all. something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government. the problem is, how do we maintain it would we have to criticize it all the time? how do we maintain the good parts of it? the other contribution to the decline in the prestige reagan , even of government included pro-market anti-government. by economists which were very prominent academically. reaganomics was, in a sense, invented on university campuses. the media describe themselves as a watchdog, quite appropriately. it is essential we have an aggressive news media that hold the government and other entities accountable. if they are doing things w
as much as anything else because suddenly that 25% unemployment capital gains tax couldn't exist any longer between 19211. so the government is broke running on fumes, where can you get some revenue? the prohibition before the income tax level. as much as 40% no one wants to seem to pay taxes and legislate taxes, so that is. if somebody wants something they can purchase it or say to the federal ground and both we will get richer so it is an interesting parallel petraeus pnac there is a difference between alcohol and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same edition. what lessons can you draw? >> kuran absolutely right. it was an integral part of some one of the center for of millennia before prohibition. there are indigenous people in this country but it was not as antonette in the life and society also it was today than 50 years ago and there's a generational issue wow were people who grew up with the presence of marijuana whether the appreciated it or not was back in the 1950's. >> what's interesting about the drug
and khoe of bataway and has written an op-ed, tax on the wealthy. i'd like to ask you about black friday and cyber monday. numbers robust about any standard what. is it telling you about how consume remembers feeling about the overall economy? >> consumers are feeling reasonably confident. the economy has been coming back for a year and residential housing is coming back, so they are feeling better. >> when you say they are feeling reasonably confident, what are big investors, guys like you? when you start looking forward to the economy in 2013, how confident are you? >> well, i'm confident. i can't speak for others, but i -- we buy stocks almost every day, so i -- but i'm confident about the american economy over the decades to come, and we'll have ups and downs and i can't really predict them. one thing i'm sure of is america is a winner. >> let me read you something that the ceo of honeywell said on "meet the press" on sunday and he said right now i'm not all that bullish. in fact, i'd say there's a great uncertainty that's just hanging over the entire economy because we're not confid
can find a solution for the crossings and for the goods to be imported without taxes, to open the port, to open the crossing with egypt and provide electricity. the siege must end and the people must live. >> an easing of the blockade would be a huge success for the people of gaza. i of hopes are not met, disappointment could quickly boilover into another round of violence -- if hopes are not met. >> for the latest, let's cross over to our correspondent in gaza city. the cease-fire appears to be holding. what are the people on the ground saying right now? >> there is a sense that -- people, of course, first of all are believed that the fighting for now at least is over. people are returning back to life, and schools will be opened they say on saturday. there were more funerals today, but there is also another feeling. a lot of people i talked to are not confident that this is an actual end to the violence. the terms of the agreement are not very clear. people do not really know what this could mean in the future. >> let's talk about those details. as you mentioned, they have yet to be
tax. there have been few promotions. discontent among the ranks is growing. some of their leaders are putting a brave face on it. >> of course we have had cuts. but the naval infantry's task is to face difficult missions, so we will manage this situation as well. >> portugal's military has long been an important part of the country's history. on april 25, 1974, this song was played on the radio. it was the signal for the army to occupy lisbon, and the largely peaceful uprising marked the end of nearly 15 years of dictatorship. in all their joy, portuguese people pressed red carnations into the hands of soldiers. this lieutenant colonel played an active role in the carnation revolution. today, he is chairman of the 25 of april association, a group that aims to defend the legacy of the peaceful coup of 1974. he says the military brought democracy to portugal then, but the crisis has put it all in jeopardy. >> i regret what is currently happening. we have achieved a fair society, and now that is being destroyedf great inequality -- the poor get poorer and the rich get richer. >> his
to avoid the automatic spending cuts and tax increases. bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no. >> hostess brands will proceed with a plan to go out of business after last-minute talks with striking workers broke down yesterday. the company and bakers union had entered mediation in an effort to try to save over 18,000 jobs. >>> president obama is calling on congress to follow the example set by former u.s. senator warren rudman of new hampshire who called for bipartisanship during his time in washington. he passed away on monday from complications from lymphoma. he warned against large federal deficits and was a fierce critic of the reagan administration in the 1980s iran-contra affair. >> the american people have the constitutional right to be wr g wrong. and what ronald reagan thinks or what oliv
will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher education standards in the u.s. deliv
now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on our economy. we cannot let this happen. republicans believe this is an opportunity to finally solve problems thatwill washington has ignored. whether it is the tax code or entitlement programs that are on a path to bankruptcy, no more short-term mandates or excuses. we can do this right. we can pass on our children and economy of growth and opportunity and government that empowers all businesses and stays out of their way. a country in which everyone has a shot at the american dream. republicans are ready and eager to get to work. we hope president obama is as well. america is a country whose people can do anything and whose leaders can envision a limitless future. today, as you join friends and family, be sure to celebrate as abraham lincoln did, with a hopeful heart. america still has so many gracious guesifts for which to e thankful. >> joined
to increase taxes on the wealthy while extending tax cuts for families earning $250,000 or less. today will meet with small-business owners tomorrow middle-class americans. >> watching wall street we have good news and a jump in home prices the highest level since 2008. also of rising consumer confidence. the fears of fiscal cliff have that consumers worry. the dow's at 12,933 >> the time is 8 to 05 a.m. and let's take a live look at the approach to the bay bridge. george lab the updates on the drive times and hot spots. erika will have details on when the rain will start when we continue. >> new video world news from to rear square in cairo. there have been clashes between police and protesters. there's a mass rally against the decree against muhammed more see granting themselves broad power. more seat stuck by his controversial decree and his meeting with judges that was aimed at diffusing the worst political crisis since his election in june >> yasser arafat's body has been exhumed to find out whether and not he it was poisoned. he died nearly a decade ago due to a sudden illness. t
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